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Policy Summary

Central banks

Positive real rates
2of 4

Real rates positive at two of four banks

In plain words

Central banks set the main interest rate in their country. Subtracting inflation shows whether that rate is above or below the rise in prices, which is why people watch it.

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What it means if this rises or falls, cause and effect, how it works, the words to know and what to watch next.

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Written by AI from the numbers on this page. Not advice.

Reserve Bank of Australia

Policy rate - 2026-11-12 4.85% -
Last move - 2026-11-04 25bps -
Change over 12 months 125bps -
CPI year-over-year - September 2026 4.30% -
Real rate - CPI September 2026 0.55% -

Bank of England

Policy rate - 2026-11-12 4.00% -
Last move - 2026-11-05 25bps -
Change over 12 months 0bps -
CPI year-over-year - September 2026 3.50% -
Real rate - CPI September 2026 0.50% -

Bank of Canada

Policy rate - 2026-11-12 2.50% -
Last move - 2026-10-29 25bps -
Change over 12 months 25bps -
CPI year-over-year - September 2026 3.09% -
Real rate - CPI September 2026 -0.59% -

European Central Bank

Policy rate - 2026-11-14 2.50% -
Last move - 2026-09-16 25bps -
Change over 12 months 50bps -
CPI year-over-year - October 2026 4.00% -
Real rate - CPI October 2026 -1.50% -

Banco Central do Brasil

Policy rate - 2026-11-13 13.75% -
Last move - 2026-09-17 -25bps -
Change over 12 months -125bps -
CPI year-over-year - month unavailable - -
Real rate - CPI month unavailable - -

Banco de Mexico

Policy rate - -
Last move - unknown - -
Change over 12 months - -
CPI year-over-year - month unavailable - -
Real rate - CPI month unavailable - -

Bank of Japan

Policy rate - -
Last move - unknown - -
Change over 12 months - -
CPI year-over-year - month unavailable - -
Real rate - CPI month unavailable - -

Bank of Korea

Policy rate - -
Last move - unknown - -
Change over 12 months - -
CPI year-over-year - month unavailable - -
Real rate - CPI month unavailable - -

Federal Reserve

Policy rate - 2026-11-12 3.88% -
Last move - 2026-09-17 25bps -
Change over 12 months 0bps -
CPI year-over-year - October 2026 - -
Real rate - CPI October 2026 - -

Norges Bank

Policy rate - 2026-11-12 4.50% -
Last move - 2026-09-25 25bps -
Change over 12 months 50bps -
CPI year-over-year - month unavailable - -
Real rate - CPI month unavailable - -

Reserve Bank of India

Policy rate - -
Last move - unknown - -
Change over 12 months - -
CPI year-over-year - month unavailable - -
Real rate - CPI month unavailable - -

Reserve Bank of New Zealand

Policy rate - 2026-11-12 2.75% -
Last move - 2026-09-03 25bps -
Change over 12 months 25bps -
CPI year-over-year - month unavailable - -
Real rate - CPI month unavailable - -

Sveriges Riksbank

Policy rate - 2026-11-13 2.00% -
Last move - 2026-11-11 25bps -
Change over 12 months 25bps -
CPI year-over-year - month unavailable - -
Real rate - CPI month unavailable - -

Leads to

Policy Summary

1 / 5

Policy and inflation

This compares official policy rates and recent inflation. It is not a forecast of bank decisions or a market measure of real borrowing costs.

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